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Alex Ovechkin makes his retirement decision with Capitals announcement originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
Alex Ovechkin took his time.
But after speculation about whether he was retiring, the Washington Capitals made an announcement on Thursday. And there isn't going to be any retirement right now.
Ovi is coming back for the 2026-27 season.
He'll be on a one-year contract worth $4.25 million:
IT'S SO NOT O-VER, BABES
The Washington Capitals have re-signed captain Alex Ovechkin to a one-year contract extension. Ovechkin’s contract will carry an average annual value of $4.25 million.#ALLCAPS | #Gr8nesspic.twitter.com/MFudDudbiu
— Washington Capitals (@Capitals) July 2, 2026
The actual deal has plenty of bonuses attached, too:
MORE: The Maple Leafs have pulled off the Sergei Bobrovsky signing
Ovechkin will turn 41 before the season starts, and he'll continue to add to his legendary status in the NHL with the Capitals.
He was the No. 1 overall pick in 2004 by the Caps, and this will mark his 22nd season in Washington.
Even at age 40, he played all 82 games in 2025-26 and had 32 goals with 32 assists.
For his career, he's up to an NHL-record 929 goals. He also holds records for power play goals, game-winning goals and shots on goal.
Ovechkin certainly isn't the player he was at his peak, but he's still a brilliantly intelligent offensive mind with a devastating slapshot.
The Capitals certainly didn't want to see him go yet, and now they won't have to.
The Great 8 is back for one more.
More NHL news:
- Jack Eichel turned into Ben Simmons
- Cale Makar is about to become a lot more expensive
- Sidney Crosby trade plans did a 180 for the Penguins
- It's time to ask a serious Matthew Knies question
- Oilers' Frederik Andersen signing is a massive bargain
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